Multi Tenanted Investment Property

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30040320
Property Subtypes: Convenience Store, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 13,000 SF
Gross Building Area: See Agent
Gross Land Area: 32,358 SF
Sale Price: $799,000
Unit Price: $61.46 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/12/2017

Overview / Comments

Multi use, Multi Tenanted Commercial Properties. Approximately 10,000 sq. ft. cinder block building, auto/truck repairs, reconditioning department. 14' ceiling. Included ICC-RI PU towing cert, RI Used Motor Vehicle Dealers License, Body Shop License (optional). Also 1800 sq. ft. high-volume convenience store with new gasoline storage tanks, 3 fuel dispensers, fuel monitoring system and 24' x 48' canopy. New interior and exterior lighting - new roofing. Approximately 375,000 gallons annual fuel sales. Separate 7600 sq. ft. parking lot included.
Additional adjacent property: 3,000 sq. ft. restaurant, pub, full liquor license with 5 year lease in place. Ample parking on 10,000 sq. ft. lot. Serious Inquiries only. Owner financing optional.

This property is well located just 1/4 mile from the Mineral Spring Avenue/Charles Street intersection. 108' of frontage on Charles Street and 169' of frontage on Roosevelt Street. Just minutes to Rt.146 and Rt. 95.

Highlights:
•MULTIPLE REVENUE STREAMS
•IDEAL FOR OWNER/USER OR INVESTMENT
•INCLUDES RENOVATED RESTAURANT WITH 5 YEAR LEASE
•7600SF SEPARATE PARKING LOT
•HIGH TRAFFIC COUNT (15,000 VEHICLES PER DAY)
•PYLON SIGNAGE

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Town of North Providence
Tax ID/APN: 1/272,279,310
Zoning: COMMERCIAL VILLAGE
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: Mineral Spring Avenue
Traffic/Vehicle Count: 15,000
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Roof Type: Flat
Construction/Siding: Block, Wood Frame
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 108'
Lot Depth: 169'
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,613 228,522 406,338
Median Age: 35.82 34.51 35.62
Households: 10,531 89,200 156,244

Contact

© Copyright Rhode Island Commercial Information Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Rhode Island Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.